We've advised the SECP (Securities and Exchange Commission of Pakistan) on its recent decision to permit Peer-to-Peer (P2P) lending by amending the NBFC Regulations 2008. 

We've successfully represented United Bank Limited in its recovery suit against Amtex Limited, a publicly listed company trading on the Pakistan Stock Exchange - PSX.

In a groundbreaking deal for Pakistan's fintech sector, ABS & Co acted as transaction advisors to Zoodpay on its acquisition of Tez Financial Services Limited. The acquisition represents the first M&A transaction in Pakistan’s fintech sector.

We are pleased to have acted as the legal counsels to Pikchur TV for the launch of its online streaming platform and the upcoming premier of its first original production, Phattak.

We are pleased to share that three Senior Associates from the Lahore office have been promoted as Associate Partners. This brings the total number of partners at ABS & Co to 11; three of which are now women.

In a new development, Iran has invited Pakistan’s legal team led by ABS & Co. to thrash out if US sanctions on Iran are applicable to the Gas Sales Purchase Agreement signed between Iran and the Islamic Republic of Pakistan in 2009.

Ahmer Bilal Soofi, Founding Partner of ABS & Co, has been added to Shanghai Arbitration Commission's Panel of Arbitrators. Ahmer is a seasoned arbitration lawyer with several years of experience in handling complex commercial disputes.

Our Lahore based team recently advised Rymarz-Zdort, a Polish company, on pre-merger thresholds under the competition laws of Pakistan.

ABS & Co's Lahore based disputes practice group successfully represented Uniteed Bank Limited (UBL) in its recovery suit against Shama Exports.

Ahmer Bilal Soofi has been appointed as a member of the Board of Trustees of the Arbitration Center of the Organization of Islamic Cooperation (OIC).

Earlier this week, NUST signed an agreement with a multinational consortium led by International Consulting Associates (ICA) for the development and expansion of National Science & Technology Park (NSTP), Pakistan’s first STP, at NUST Islamabad campus. The consortium led by International Consulting Associates includes ABS & Co as the legal advisors. The legal team is being led by Barrister Shahrukh Iftikhar from the Islamabad office. 

A two-member arbitral tribunal unanimously awards Rs. 1.9 billion in compensation to Mughals Pakistan arising out of a construction contract.

ABS & Co recently advised Telenor Microfinance Bank in relation to an inquiry report prepared by FRMU on the financial embezzlement and dispute loan portfolio of bank officers. After examining the internal inquiry report prepared by the Bank, ABS & Co advised the Bank on possible violations of the State Bank's prudential regulations and criminal prosecution against the employees including registration of FIRs and other remedies available under labor and employment law.

ABS & Co secured a major victory for Fizza Developers in relation to its dispute with Essem Hotels arising from the Employer's repudiatory breach of the construction contract for a 5-star hotel in Islamabad.

We are pleased to announce that Sarjeel Mowahid and Ahmed Reza Mirza from our team wrote the Pakistan chapter for Lexology's Foreign Investment Review providing a detailed background to the legal and regulatory framework governing foreign investments in the country.

This contribution to Litigation: Trends and Developments 2021, authored by ABS & Co, examines recent reforms and challenges shaping Pakistan’s judicial and dispute resolution landscape. It reviews amendments to the Code of Civil Procedure aimed at expediting civil trials, the establishment of specialized commercial courts, and the growing use of technology such as e-courts and video hearings.